International Charter Academy of Georgia Inc

Analysis

International Charter Academy of Georgia Inc is a registered charity in United States, based in Norcross, GA. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, International Charter Academy of Georgia Inc reported income of $3.0m and spending of $3.2m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.1m to $3.0m (-28%), an average of -7.8% a year. The sharpest change came in the year to June 2020, when income dropped by 28%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, International Charter Academy of Georgia Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within GA. Charities of a similar size with the same main cause include Emeriti Consortium for Retirement Health Solutions ($3.0m), Waldorf School of Saratoga Springs ($3.0m) and Our Sisters School Inc ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $281k (8.9% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $8.7m against liabilities of $7.1m, net assets of $1.6m. It reported 26 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.